Ludovic Phalippou says the performance metric doesn't actually tell LPs anything.
Jessica Hamlin is a Senior Funds Columnist at Institutional Investor. She focuses on finance and investment, with particular expertise in alternative investments, asset management, and corporate finance, while also covering themes in energy policy, regulation, and credit health. Jessica's work has been featured in prominent outlets such as Morningstar, Yahoo Finance, PitchBook Data, and Yahoo Finance Canada.










